H&R Block Inc. (HRB) Stock Price Down 1.5%
H&R Block Inc. (NYSE:HRB)’s share price fell 1.5% during mid-day trading on Monday . The company traded as low as $23.89 and last traded at $23.91, with a volume of 1,197,237 shares traded. The stock had previously closed at $24.27.
A number of research firms have recently commented on HRB. Sterne Agee CRT began coverage on H&R Block in a research report on Tuesday, March 22nd. They set a “neutral” rating and a $33.00 price target on the stock. BTIG Research reaffirmed a “hold” rating on shares of H&R Block in a research report on Wednesday, April 6th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $22.00 price target on shares of H&R Block in a research report on Friday, June 10th. BMO Capital Markets reaffirmed a “hold” rating on shares of H&R Block in a research report on Friday, April 15th. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of H&R Block in a research report on Sunday, June 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $32.72.
The company has a market cap of $5.27 billion and a PE ratio of 16.01. The firm has a 50-day moving average of $22.84 and a 200-day moving average of $26.46.
H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, June 9th. The company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.01. During the same quarter in the previous year, the business earned $2.69 EPS. The company earned $2.30 billion during the quarter. The company’s revenue was down .2% on a year-over-year basis. On average, equities research analysts forecast that H&R Block Inc. will post $1.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Monday, June 20th were given a $0.22 dividend. This is an increase from H&R Block’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, June 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.68%.
In related news, Director Robert A. Gerard purchased 2,000 shares of H&R Block stock in a transaction on Thursday, June 16th. The shares were purchased at an average price of $23.33 per share, for a total transaction of $46,660.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $116,650. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Brown sold 16,067 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $22.86, for a total value of $367,291.62. Following the completion of the sale, the insider now owns 118,513 shares in the company, valued at approximately $2,709,207.18. The disclosure for this sale can be found here.
Other large investors have made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. raised its stake in shares of H&R Block by 132.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 232,097 shares of the company’s stock valued at $7,731,000 after buying an additional 132,421 shares during the last quarter. Alpha Omega Wealth Management LLC acquired a new stake in shares of H&R Block during the fourth quarter valued at approximately $2,279,000. New York State Common Retirement Fund raised its stake in shares of H&R Block by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 660,300 shares of the company’s stock valued at $21,995,000 after buying an additional 7,000 shares during the last quarter. Finally, Affinity Investment Advisors LLC raised its stake in shares of H&R Block by 3.0% in the fourth quarter. Affinity Investment Advisors LLC now owns 213,119 shares of the company’s stock valued at $7,099,000 after buying an additional 6,230 shares during the last quarter.
H&R Block, Inc (H&R Block) is a holding company. The Company, through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, and its territories, Canada and Australia.
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